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cnbc.com
Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Analysts expect the company to launch new iPhones and Apple Watches at the event, including the company's first folding phone
cnbc.com
Meta settles social media addiction case with California, other states for $16.7 billion
Meta and state attorneys general settled a federal trial centering on allegations that company misrepresented the extent of child-related mental health harms.
cnbc.com
Mark Walter's TWG Global says there's 'no fraud' amid probe of insurers' disclosures
The empire of billionaire Los Angeles Dodgers owner Mark Walter has faced media scrutiny since he said he would sell his majority share of the LA Lakers.
cnbc.com
Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates warned governments are not adequately preparing for how AI could displace workers, strain social systems and create global risks.
cnbc.com
States sue to block Trump-backed USPS mail-ballot rule after Supreme Court setback
The rule in question would require election officials to give USPS voter information and use federally reviewed, uniquely barcoded ballot envelopes.
theguardian.com
The London stock market dodged a bullet with Shein | Nils Pratley
China’s fashion giant will list in Hong Kong with a shrunken price tag – and big questions over its business modelIn a parallel world, we might now be preparing for the arrival on the London stock market of Shein, the giant Chinese-founded fast-fashion retailer. Or it could have happened already.The possibility of a London flotation was a running story during 2024 and into last year as politicians from both main parties engaged in behind-the-scenes wooing. Shein was seen as a shot of tech adrenalin for a listless local listings scene, and an opportunity to advertise the UK’s openness to international capital. Continue reading...
cnbc.com
Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group: Court documents
Hackers targeted networks "operated by hospitals, telecommunications providers, power companies, financial institutions, and defense contractors," a filing said.
cnbc.com
Iran says the U.S. is standing in the way of Hormuz deal amid talks with Oman
Iran and Oman are approaching a deal to secure safe transit through the Strait of Hormuz and future administration of the vital economic artery.
cnbc.com
Oil prices turn positive after Iran says deal reached with Oman to share revenue from Hormuz
Oil fell more than 3% earlier in the session as the U.S. relies on economic pressure against Iran rather than military strikes.
cnbc.com
I manage Dolly Parton’s Imagination Library in Cincinnati—the No. 1 lesson she taught me about success
Cincinnati literacy leader Kristy High reflects on Dolly Parton’s Imagination Library and the lesson Parton's philanthropy taught her about success.
cnbc.com
Medical device maker Boston Scientific is being hit by a cyberattack. The shares are falling
The attack has disrupted the company's ability to ship products, and it's not clear when services will be restored.
bbc.co.uk
Reform proposes £30 tax rebate for HMRC phone delays
People on hold to HMRC for more than 30 minutes would get a tax credit under plans announced by Robert Jenrick.
theguardian.com
Pubs, bars and hotels report ‘Burnham bounce’ in optimism but call for further tax relief
Sentiment in hospitality and brewing sectors more positive since business rates action, trade bodies’ survey findsPubs, bars and hotels have reported a “Burnham bounce” in optimism as a result of the prime minister’s overtures to the sector, polling suggests, but they warn that the goodwill could evaporate without further tax relief.Andy Burnham has positioned himself as a staunch ally of the UK’s hospitality industry both before and since his arrival at No 10, announcing last month a discount on business rates for pubs, clubs and live music venues. Continue reading...
bbc.co.uk
Meta agrees to pay up to $18bn to settle social media case
The deal has been reached during a California federal court trial over claims brought by US states.
theguardian.com
Meta agrees to major changes to Facebook and Instagram as it settles US trial over teen addiction for up to $17bn
US tech giant agrees to establish further protections for teens such as daily usage limits and blocks on nighttime useMeta agreed to significant changes to its Instagram and Facebook apps in a settlement that ended a landmark lawsuit on Wednesday. Dozens of US states had accused the tech giant of addicting and harming children with dangerous products.The agreement curtails a major trial in California and will require the social media company to pay up to $17bn. Meta agreed to establish safeguards for teenage users, including daily usage limits and blocks on nighttime use nationwide in the US. Continue reading...
cnbc.com
Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
cnbc.com
Dollar and bond markets 'on edge' ahead of Jackson Hole as Bessent's market intervention piles pressure on Warsh
Strategists said investors were approaching Jackson Hole “on the back foot."
cnbc.com
OpenAI’s Jalapeño AI chip brings new 'threat' to Nvidia margins as custom silicon gains ground
OpenAI’s Jalapeño chip beat Nvidia Blackwell systems on key inference-efficiency tests as custom AI silicon gains ground among major tech companies.
cnbc.com
Canada unveils retaliatory tariffs on about $20 billion of U.S. goods
Canadian trade negotiators left the U.S. last week after failing to clinch a trade deal that would stop President Donald Trump's new tariffs from taking effect.
cnbc.com
China's short-drama producers flood the market with cheap bets — and let audiences pick the winners
The short-drama model offers an alternative to traditional entertainment, but rising distribution costs and audience-retention challenges remain.
cnbc.com
Amazon service Bezos once called 'artificial artificial intelligence' is shutting down
Mechanical Turk launched in 2005 as a way to farm out tasks that are easy for humans to complete but too challenging for computers.
bbc.co.uk
Jersey earnings rise by 1.2% after inflation
Statistics Jersey says the increase is "slightly lower" than the long-term annual average.
cnbc.com
Hyundai has grown more than any automaker in the U.S. — and it's not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
cnbc.com
Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
theguardian.com
Uefa poised to lift boycott threat after Fifa promises no World Cup sale repeat
Uefa has received guarantees after ill-fated Infantino planEuropean sides likely to go to under-20 Women’s World CupUefa is poised to drop its threatened boycott of Fifa competitions after receiving concrete guarantees that the global governing body will never attempt a repeat of Gianni Infantino’s plan to sell stakes in the World Cup.The Guardian understands European teams are likely to be cleared for participation in the upcoming Under-20 Women’s World Cup, along with subsequent tournaments, after Fifa provided the binding assurances that no equivalent of its president’s ill-fated scheme will be put on the table. Continue reading...
bbc.co.uk
Household energy bills to hit three-year high as Ofgem announces 4% rise from October
A household using a typical amount of gas and electricity will pay £60 a year more, regulator Ofgem says.
theguardian.com
Groups sue Trump’s EPA over fast-track approval of toxic datacenter chemicals
Exposure to two compounds approved can result in ‘sudden death’ and range of other serious health risks, lawsuit warnsThe Trump administration has approved two new datacenter chemicals to which exposure can result in “sudden death” and a range of other serious health risks, like cancer, eye corrosion, neurological damage and reproductive harm, a new lawsuit warns.The two compounds approved by the Environmental Protection Agency (EPA) for import and immediate use in facilities across the US are photoacid generators that also appear to be Pfas “forever chemicals”, though it is unclear because much of the EPA documents are redacted. Some Pfas are commonly used in the production of semiconductors. Continue reading...
theguardian.com
On scraps of land and under constant threat, Gaza farmers struggle to survive
Efforts to rebuild domestic food production face severe challenges and have come at deadly costAs Gaza’s population of 2.1 million has been hemmed into an ever smaller slice of the territory, farmers are using every last remaining patch of unspoiled earth, no matter how tiny, in their struggle to survive.With severe shortages of water, fertiliser and pesticide, and with more than 80% of greenhouses ruined, it has taken inventiveness and determination to clear land of debris and coax new seedlings into life. Moreover, venturing out into the open to tend to plants can be deadly. Continue reading...
bbc.co.uk
What will the energy cap changes mean for my bills?
The regulator Ofgem says the price cap will increase by 4% in October for millions of households.
theguardian.com
Bill Gates calls for ‘human-reserved’ jobs in face of AI takeover
In 6,000-word essay Microsoft co-founder also expresses concern governments not prepared for technology’s impact Business live – latest updatesBill Gates has called for “human-reserved” jobs in certain sectors to prevent AI replacing them, and expressed concern that governments are not prepared for the impact the technology will have.In a 6,000 word essay titled The turbulent AI era is here. The choices we make are critical, the billionaire Microsoft co-founder likened the need to spare roles from digital encroachment to how nature reserves operate to protect the environment. Continue reading...
bbc.co.uk
'Ironing board' seats to be replaced on Thameslink
Greater Thameslink Railway says these upgrades are part of the wider renationalisation plans.
bbc.co.uk
Why high energy bills look like they are here to stay
The government is under pressure to support billpayers when domestic energy prices predicted to rise further.
theguardian.com
How Mark Carney’s speeches have become political earthquakes | Ted Widmer
The quiet-spoken Canadian prime minister has spoken unutterable truthsIs it perhaps a sign of the times that Mark Carney, the prime minister of Canada, has become a thrilling orator? A sober banker, he speaks calmly, without many vocal inflections. We expect Canadians to be somewhat flat; even a little boring, and yet Carney has already delivered two remarkable speeches in 2026, and the year is far from over.The first, at Davos, described a “rupture in the world order”, and “the end of a pleasant fiction”. By that, he meant that the world could no longer depend on the United States to lead the Pax Americana that has largely kept the peace since the end of the second world war. Continue reading...
theguardian.com
‘132F’: meet the man calling out NYC’s infernally hot subway stations
Jack Klein takes heat readings, gives fans to overheated passengers and lugs big jugs of water into the stationsOn a recent August day in the subterranean furnace of New York City’s subway, one bearded, curly haired man was studying his phone for different reasons than the other wilting passengers – to track the soaring temperatures and ponder how underground train stations can cool down in an era of climate crisis.Jack Klein, a 31-year-old construction site manager, has in the past two years taken it upon himself to become a sort of guerrilla subway heat operative, sticking teardrop-shaped thermometers to steel beams in seven of the hottest Manhattan stations and posting social media videos of the hades-like summer temperatures that commuters have to endure. Continue reading...
theguardian.com
Wiped out: US faces surging toilet paper prices amid trade war with Canada
Paper products among hardest-hit sectors after trade negotiations broke down, with 25-50% tariffs estimatedAre you a Canadian boycotting US products? We’d like to hear from youUsing the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations.After trade negotiations broke down between the two countries last weekend, Mark Carney, the Canadian prime minister, vowed to match US tariffs “dollar for dollar” and unveiled a list of nearly 900 American goods that will face 25% to 50% tariffs starting on 8 September. Continue reading...
bbc.co.uk
Energy prices to rise to three-year high
Energy bills for millions of households are expected to rise this winter to the highest level for three years
cnbc.com
Haidilao shares jump as delivery growth and new restaurant brands boost outlook
Haidilao shares rose after results showed strong growth in delivery and newer restaurant formats, even as revenue from its core hotpot restaurants declined.
theguardian.com
London rollout of robotaxis delayed amid lack of guidance for firms to follow
Uber and Wayve had said they would start trips ‘later this summer’ but launch now looks unlikely this yearBusiness live – latest updatesThe rollout of robotaxis on the streets of London is unlikely to happen this year, as regulatory and technical hurdles push back the ambitious schedule set out by the UK government.Only weeks ago Uber and London-based Wayve were granted the first minicab licences in the capital to allow them to offer self-driving taxi rides to paying customers – but with a human safety driver in place, for now – and said they would start trips “later this summer” before a full public launch. Continue reading...
cnbc.com
Temasek-backed investor behind Unitree pitches Singapore as Chinese robots' path to U.S.
As Washington shuts out Chinese robotics, a Temasek-backed VC bets that startups with genuine development in the city-state can still reach American buyers.
theguardian.com
With no friends left to burn, Trump is running out of diplomatic ammunition | Rafael Behr
Everyone can see that the Iran war has been a strategic disaster for the US, while a failing president pretends he is winningNow is the twilight of Donald Trump’s supremacy. The US is still the richest and most heavily armed nation on Earth. That status is secure. The current president, contemptuous of law and indulged in lawlessness by a supine Congress, enjoys even greater power than the constitution allows.With those advantages it takes a special talent for incompetence to look as thwarted and impotent as Trump does with more than two years of his second term still to run.Rafael Behr is a Guardian columnist Continue reading...
cnbc.com
'Too much too quickly': Indonesia's growth ambitions questioned by economists
Indonesia has set an ambitious growth target, but economists aren't sure it can get there while keeping the deficit in check.
cnbc.com
CNBC Daily Open: Nvidia carries world of AI on its shoulders
Investors wait for Nvidia to set the scene of the biggest market trend in a generation, as its earnings look set to determine the direction of the AI trade.
theguardian.com
Labour’s energy bills crisis is getting worse. Political honesty is essential | Nils Pratley
Ofgem and ministers should be transparent about why energy bills for households are expected to stay stubbornly highBritons face highest price cap in three years as energy bills rise 4% from OctoberAnother Ofgem energy price cap day, another increase in bills. Miatta Fahnbulleh, the new energy secretary, can blame the usual culprit on Wednesday – the fossil fuel price “rollercoaster”, given a shove this time by Donald Trump’s Middle East misadventure. Higher gas prices will indeed be the main quarter-on-quarter reason why bills stand at a three-year high on a unit basis.But there is more to the tale on a longer view. Even when the gas rollercoaster dips downwards, the energy industry’s medium-term projections suggest bills will not fall meaningfully. Continue reading...
theguardian.com
Britons face highest price cap in three years as energy bills rise 4% from October
A typical household in Great Britain will pay £1,723 a year, prompting calls for more supportNils Pratley: Labour’s energy bills crisis is getting worseMillions of British households will face the highest energy charges in three years this winter after months of rising market prices pushed up the government’s price cap for the second time in three months.Gas and electricity prices will rise by 4% from October under the new cap, after climbing 13% at the start of July to take account of global energy market price rises caused by the war on Iran. Continue reading...
theguardian.com
Two years in limbo: the residents still paying mortgages on flats destroyed in east London fire
Spectrum Building leaseholders awaiting payouts after freeholder, Arinium, went bankrupt shortly after 2024 blazeSarah Williams vividly remembers the night in 2016 when she camped overnight in a car park to put down a deposit on a flat in the newly completed Spectrum Building in Dagenham, east London.“People started queuing for those flats 24 hours before they went on sale,” she said. “It was basically the only flat I could afford in London. This was a year before Grenfell, and the flats market in London was completely crazy.” Continue reading...
theguardian.com
National lottery faces questions over new boss’s record in gambling industry
MPs tell regulator they are ‘deeply concerned’ over interim CEO Phil Walker’s roles at William Hill and Game NationThe national lottery is facing questions over its new boss’s record in the gambling industry, including a lucrative role in the 24-hour slot machine sector singled out by the prime minister as a blight on British high streets.Allwyn UK, which holds a licence to run the Lottery until 2034, said last week that it had appointed William Hill’s former UK and Ireland boss Phil Walker as its interim chief executive, replacing Andria Vidler. Continue reading...
theguardian.com
Is the Trump Treasury panicking over the level of US debt?
With the federal deficit near 6% of GDP and the national debt over $40tn, America’s fiscal position looks increasingly precariousBessent ‘will lose’ battle with bond markets, ex-mentor warnsAre we seeing the first signs of panic in Donald Trump’s Treasury? The US is by far the world’s biggest debtor, and the steady rise in global long-term interest rates – which I have long argued was inevitable – is starting to cause real pain.Until now, the Treasury secretary, Scott Bessent, has dismissed concerns about US debt, which recently surpassed $40tn, as a big nothingburger. Growth, in his telling, will be so spectacular the US will easily be able to meet its interest obligations without any significant tax rises or spending cuts, while the rest of the world will happily keep feeding it money. But if Bessent really believes that, why is he trying to strong-arm the bond market by fiddling with the maturity structure of government debt? Continue reading...
cnbc.com
HP partners with U.S.-blacklisted Huawei for licensing the Chinese company's WiFi tech
It's a sign of adoption of Huawei technology outside China, despite the U.S. restricting the company from working with American suppliers such as Google.
theguardian.com
‘A mockery’: how offshore tax havens are thwarting the UK’s transparency push
Critics say ownership registers are too costly and too complicated, scuppering attempts to expose alleged money launderingSince Britain’s offshore secrecy jurisdictions caved in to pressure from Westminster to embrace corporate transparency, finding out who owns a company in one of these island havens is, in theory at least, a piece of cake.Take the Cayman Islands. Continue reading...
theguardian.com
The row over Rutland: can England’s smallest county survive?
Its council is due to merge with Leicestershire’s in 2028, and some locals are incensed. Can the county hold on to its ceremonial status – and biggest selling point?Mysterious disappearances have been taking place lately in Rutland, an East Midlands pocket between Leicestershire, Lincolnshire and Northamptonshire that is often considered to be England’s smallest county. Usually, there are road signs when driving into a new county welcoming you over the border. But in recent months, these have been going missing. After 10 signs vanished, the council decided to remove the remaining 17. Now there are no official “Rutland” signs at all.The area’s MP, the Conservative Alicia Kearns, is “not sure” what the motivation behind the thefts is. But they are certainly a fitting metaphor for Rutland’s disappearing status: its council is due to merge with Leicestershire county council in spring 2028. Continue reading...
theguardian.com
Iran faces strait of Hormuz paradox as strategic value of chokehold erodes
Internal calls to end war get louder as Gulf neighbours plan alternative pipelines to cut reliance on waterwayIs the strait of Hormuz, recently cited by the office of the Iranian supreme leader as “the pillar of Iran’s new security order”, and as transformative as possessing a nuclear weapon, in reality becoming a fast-diminishing asset, leaving Iran increasingly vulnerable to the new planned US wave of economic sanctions?It is the key debate that is raging inside Iran, with many different conclusions being drawn for Tehran’s negotiating strategy. Those who warn the strait’s value as a chokehold on the world economy will erode, leaving the country without foreign exchange reserves, argue that Iran’s negotiators should seek a deal soon. Continue reading...
bbc.co.uk
Why Tesla has been caught up in a massive car recall in China
The country's biggest ever car recall affects more than four million vehicles made by Tesla, XPeng, Xiaomi and other firms.
cnbc.com
Trump's Saudi nuclear deal reaches Congress as experts warn of proliferation risk
Some Democratic lawmakers and nonproliferation advocates have criticized the pact for not including a permanent prohibition on enrichment or reprocessing.
cnbc.com
From military alliance to economic partnership: How Trump is redefining U.S.-South Korea ties
Trump last Sunday instructed the Pentagon to cut military drills because they were "costly" and send "inappropriate and hostile" signals to North Korea.
bbc.co.uk
Musk's rocket firm SpaceX to build $100bn launch facility
It will be the firm's biggest site yet and aims to send rockets to space in 2029.
cnbc.com
Sen. Darline Graham, Trump's pick for South Carolina Senate, wins GOP primary
Sen. Darline Graham on Tuesday defeated Rep. Ralph Norman, winning the GOP nomination for a South Carolina Senate seat.
theguardian.com
In China, talking to AI is normal. Now the government fears it might replace human intimacy
Companion bots are being regulated over worries they foster ‘emotional dependence’ and young people could stop marrying and having familiesWhen law student Zhao Wei heard that her AI boyfriend was going to be switched off, she was “heartbroken”. She had been talking to Wang Ye every day since she created him in January.“I was crying my eyes out – snot and tears everywhere,” the 19-year-old says. Continue reading...
theguardian.com
Billionaire investor says he used AI to write critique of former mentee Scott Bessent
Stanley Druckenmiller said he was ‘proud of using it’ as wider media grapples with parameters around AI useStanley Druckenmiller, a billionaire investor, said he used artificial intelligence to pen his viral Wall Street Journal op-ed in which he sharply criticized the interference of Scott Bessent, the US treasury secretary, in the US bond market.Many news outlets, including the Guardian, covered the editorial, highlighting Druckenmiller’s rebuke of his former mentee, Bessent. As the story circulated online, some readers questioned rhetorical choices that resembled AI-generated text. Continue reading...
bbc.co.uk
The Interview
Maura Fogarty speaks to Joe Ngai from McKinsey China about business in the region
bbc.co.uk
AI gold rush draws crypto firms away from Bitcoin
The price of Bitcoin has risen in August but is still far below its peak almost a year ago - and companies are refitting their mines.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Back to school: How parents can save on uniform costs
From baby banks to supermarket deals, there are many ways parents can ease the back-to-school burden.
cnbc.com
OpenAI data center chief Chris Malone is out, the latest in a string of executive exits
An OpenAI spokesperson said the company "recently reorganized our infrastructure organization to support the scale and pace of our work."
cnbc.com
Iran and Oman discuss joint shipping route in Strait of Hormuz and mine clearing mission
Iran and Oman on Tuesday discussed a proposal to establish a jointly managed shipping route through the Strait of Hormuz.
theguardian.com
Taiwan charges nine people for smuggling ‘high-end’ AI servers to China
Among those charged are two Super Micro employees and one from Nvidia, marking another flashpoint in US-China AI rivalryTaiwanese prosecutors charged nine people Monday, including one from Nvidia and two from Super Micro, for illegally exporting “high-end AI servers” to mainland China, adding another wave of turbulence in the AI rivalry between China and the United States.Prosecutors said the servers involved were graphics processing units known as “B300,” which have been banned from sale to China. Continue reading...
theguardian.com
Burnham mulls insolvency law shake-up to help bring utilities under public control
Exclusive: Rules on special administration seen as potential ‘roadblock’ to reshaping how UK’s essential services are runAndy Burnham is considering ripping up the country’s insolvency laws to make it easier to bring key utilities such as Thames Water under public control.Sources have told the Guardian the prime minister is considering a range of options as he seeks ways of delivering on his promise to radically reshape the way England’s water and Britain’s energy companies are run. Continue reading...
theguardian.com
The Guardian view on Trump’s economic threats: bullies can overplay their hand | Editorial
Tariffs on Canada, threats against Iran’s partners and bond market intervention show a president weaponising US power while making Americans poorer at homeThree moves in the last week have exposed the limits of Donald Trump’s economic bullying. The US slapped 50% tariffs on another $20bn of Canadian goods – then threatened the same rate on the cars, trucks, parts and steel that America Inc depends on. On Monday, the Treasury secretary, Scott Bessent, menaced Iran’s trading partners with exclusion from the US financial network, hoping that coercion can deliver what months of war have not. And as the costs of war, tariffs and pro-billionaire tax cuts helped send US bond yields higher, the Treasury stepped in to tame long-term rates. These are not contradictory policies but a gamble: that US economic power can be repeatedly weaponised without reducing others’ willingness to depend on it.The Trump administration’s “D-day” sanctions are potentially the most consequential because they expose the scaffolding of American financial power. While markets shrugged off the immediate threat, that calculation might change were the US to target a major Chinese refinery or bank. Such an escalation could spark a trade war with Beijing. The US has leverage. But China has pressure points – especially farmers in Republican states – that make using it costly. In the long run, there is a price to pay. Nations hold one another’s currencies partly because they trust the political relationship. Mr Trump is testing what happens when they don’t. Continue reading...
theguardian.com
‘They make life much easier’: AI-powered shopping trolleys go on trial in Lancashire
Customers give their verdicts as a Morrisons store becomes first in UK to test trolleys that scan, weigh and tally costsLancashire has been the site of many British innovations throughout history, from the spinning jenny, which transformed textile production, to the creation of jelly babies.Now it has welcomed another first: AI shopping trolleys. Continue reading...
theguardian.com
Canada announces 50% retaliatory tariffs on hundreds of US imports as trade war escalates – video
Announcement of tariffs on $20bn worth of US goods follows through on Mark Carney's vow to match US tariffs 'dollar for dollar' Continue reading...
cnbc.com
China needs U.S. dollars but is building a hedge against Washington’s sanctions
The U.S. can pressure Chinese banks over Iran through access to its financial system, while Beijing is building alternatives such as CIPS.
theguardian.com
VW workers boo boss as he urges them to ‘pull together’ amid job cuts
Oliver Blume faces workforce at German HQ as carmaker struggles against Chinese competition and US tariffsThe chief executive of Volkswagen has faced boos and whistles of protest at the company’s headquarters after telling thousands of workers that a comprehensive reorganisation, which could include job losses and factory closures, is vital for its future.As Oliver Blume urged more than 10,000 workers on Tuesday to “pull together”, saying drastic restructuring measures at the struggling manufacturer were essential, they held up banners and shouted slogans, including: “Our jobs are not your balance sheet adjustments”. Continue reading...
theguardian.com
‘Economic D-day’: How desperate is Trump to end Iran war? - The Latest
The White House has threatened sanctions on any country that trades with Iran in another bid to economically isolate the country, as US military efforts falter. Launching what he called Operation Economic Outcast, the US Treasury secretary, Scott Bessent, compared it with D-day. China, Iran’s biggest trading partner, has already signalled that it will not cooperate with Trump’s attack on the Iranian economy. Lucy Hough speaks to Julian Borger, senior international correspondent Continue reading...
bbc.co.uk
Who does Iran trade with and what could Trump's 'economic D-Day' mean?
Iran is no stranger to US sanctions and has developed deep economic ties with several countries.
bbc.co.uk
More than 70,000 social and affordable homes to be built across England over 10 years
Funding has been granted to Greater Manchester, the West Midlands and West Yorkshire as well as £6bn for London.
theguardian.com
Creatine: is there truth behind the hype? – video
Creatine has become the go-to supplement for anyone wanting to give their fitness a boost and build muscle. It’s even made it out of the gym, with influencers touting its cognitive benefits. But what’s the science behind creatine, and does the evidence stack up? Madeleine Finlay hears from science editor Ian Sample and Dr Justin Roberts, professor of nutritional physiology at Anglia Ruskin University Continue reading...
bbc.co.uk
OnlyFans owner was paid over $700m before his death
The site hosts a range of subscription-based content from cooking to fitness videos, but it is best known for pornography.
theguardian.com
Fishy business: who really profits when sardines go viral? - video
Once a cheap store-cupboard staple, sardines are fast becoming a luxury food item. Last year, #SardineGirlSummer saw influencers promoting the health benefits of sardinemaxxing, while sardinecore became the must-have fashion trend. Now, demand is accelerating just as Morocco’s sardine stock has collapsed, causing shortages on supermarket shelves. The Guardian travels to Matosinhos in Portugal, the cultural home of the sardine industry, to investigate who is profiting from the boom, how it has affected local fishermen, and what sustainability looks like in an era of global heating Continue reading...
theguardian.com
Year of after-school care now costs £2,800 a child in parts of UK
Bills have jumped 42% in England over the past 10 years – and that excludes the cost of breakfast clubs and extracurricular activities Parents of primary schoolchildren in England will pay 42% more for after-school childcare this year than they did 10 years ago, with annual bills now exceeding more than £2,800 a child in some parts of the UK.A Guardian analysis of data collected by the children’s charity Coram has revealed that the annual cost of after-school care for children aged 5 to 11 in England has risen by 5% over the past year to £2,636. Continue reading...
bbc.co.uk
Iran says it is 'fully prepared' to counter widened US economic sanctions
The US calls its latest sanctions on Iran an "economic D-Day", but Tehran says it has a plan to address them.
bbc.co.uk
Burnham refuses to rule out tax rises in autumn Budget
Experts have warned that he and Chancellor John Healey will have little room to manoeuvre in their first Budget.
cnbc.com
Trump targets Iran’s trade lifelines — here are the countries most exposed
Washington's threat of "economic D-Day" collides with a small group of governments that account for most of what remains of Iran's foreign trade.
theguardian.com
Lloyds Bank is holding on to our urgently needed £5,500
We want our balance back, but we can’t access the money to pay for essential repairs and settle an electricity billLast November, Lloyds Bank informed me, in my role as treasurer of my parish church, that the church account was to be closed and that I should open a new business account instead. This can only be done online, but a fault with their system prevented me – and local branch staff – from doing so.At the branch staff’s suggestion, I opened the new account with a different bank in early March. Since then, I’ve been trying in vain to get Lloyds to transfer the balance from the closed account. Continue reading...
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
theguardian.com
‘Never seen this level of objection’: Scotland pushes back against datacentre boom
Holyrood ‘inching towards moratorium’ amid concerns over massive proposed developments in Auchtertool and beyondIn a village 21 miles north of Edinburgh, a real estate consultancy plans to build a datacentre larger than the village itself – 35 metres high, with an area larger than 100 football pitches.Billed as the second-biggest datacentre in the world, the development in Auchertool, Fife, has attracted 1,600 objections. Continue reading...
theguardian.com
Canadians do not seek a trade war – but nor will we be bullied by Donald Trump | Jen Gerson
A fundamental rupture in the values that have united North America is not a problem that can be wished away: this is a warning to the western allianceThe Canadians are exceedingly angry. I realise this can sometimes be difficult for foreigners to deduce, given our national struggle to express the full range of human emotion outside ice hockey riots. However, let me assure you that the prime minister Canadians saw take the stage on Saturday morning in the wake of the collapse in trade negotiations with the US was a Mark Carney practically vibrating with fury.“You’re at war when you get attacked. We got attacked,” he said, in a rare press conference that was as candid and clear as he ever tends to be. “That’s fine … We’ve got the reserves, we’ve got the resilience, we’ve got the plan, we’ve got the focus. We’re gonna respond, we’re going to focus on what we can control and what we’re going to build.”Jen Gerson is a Canadian commentator and co-founder of The Line. She lives in Calgary, Alberta Continue reading...
bbc.co.uk
Songs created by AI banned from Australia's music charts
The move comes weeks after a DJ admitted using AI to remix a Madonna song that topped the Australian charts.
theguardian.com
The other Post Office scandal: how organised crime launders money on the high street
Hundreds of millions of pounds of dirty money are being deposited at post offices every year. So why are the police reluctant to investigate the scale of the problem?Last chance to buy the summer issue of The Long Read magazine, now with 15% off. Click here to order Leicestershire police won’t say who first told them about Jigar Gheewala, but you can see why, once they had heard of him, they decided to find out more. Gheewala was unemployed, had no apparent income, yet lived in a £1.3m house and sent his three children to private school. “He was a declared bankrupt, with a bank account that was absolutely not reflective of what it should be,” said financial crime supervisor Laura Panter of Leicestershire police’s economic crime team. “That was our starting point.”Over the course of 2020, despite being on benefits, Gheewala’s bank account received more than £880,000 in cash in 200 different deposits. He was, it turned out, a money launderer, but not the kind you’ll see in the movies. Gheewala’s deposits had been made not in Liechtenstein or on Grand Cayman, but at various post office branches in Leicester, one thick wodge of banknotes after another. Continue reading...
bbc.co.uk
US-Canada trade war escalates as Trump threatens tariff hike on vehicles
Mark Carney accused Trump of wanting to "destroy" Canada's auto industry, and said he would only resume trade talks if the US comes with the "right attitude".
bbc.co.uk
How Canada could hit back to hurt the US economy - and Trump
What leverage does Canada, which sells about 70% of its exports to the US, actually have in this spiralling trade dispute?
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
New 10p coin enters circulation - will you spot one?
The coin has been designed to feature King Charles III and a Scottish grouse close to extinction.
bbc.co.uk
Manga-inspired theme park to be built near Paris
The construction of three new parks was given the green light after a €6bn investment from Saudi Arabia.
theguardian.com
Problems brewing for the proper pint as Camra membership falls
Cost of living has hit campaign group while multinationals are threatening to squeeze out independent breweriesFor centuries, the wooden real ale pump has been the hallmark of a good British boozer. But now problems are brewing for the proper pint, as the Campaign for Real Ale has seen its membership sink to an eight-year low and its accounts show it is firmly in the red, making an £800,000 loss last year.Real ale is a traditional draught cask beer, a “living” product that is produced and stored in its cask. It differs from a cold, fizzy lager, in which the yeast is killed and carbon dioxide is added. Real ale contains live yeast so it continues fermenting until it is served. Continue reading...
bbc.co.uk
Graduate job vacancies drop by almost 50% in a year, survey suggests
Job site Adzuna said the number of graduate vacancies was the lowest since 2016
bbc.co.uk
Rail companies sued for £5m over oil spill caused by derailment
More than 400,000 litres of fuel spilled in the area causing an "environmental disaster".
bbc.co.uk
Coin hidden in 1971 earns finder free pint of beer
The card, discovered by Ellie Mead in Bicester, promised "one pint best beer if penny returned".
bbc.co.uk
'Half my business will be gone' - firms in Canada and US fear trade war
Business owners in both countries are navigating uncertainty and worry as the tit-for-tat import taxes ratchet up.
bbc.co.uk
Pubs and hotels could see business rates reformed after review
The review of how rates are calculated in England and Wales could lead to reform of the system.
theguardian.com
‘It’s absolutely criminal’: US tipping culture has reached the UK – and is causing chaos
Service charges used to be a matter of choice, but now consumers feel obliged to pay them for even a cup of coffee. How do we navigate this minefield and who is really profiting?In a London pub, Greg Double was brutally confronted with the reality of Britain’s evolving tipping culture. “I was annoyed about the pint being eight quid, but then when you put service on top, it’s absolutely criminal,” he says. In the past, you might have told the bar staff to keep the change or have a “drink” on you, but since when did we routinely tip in pubs? Or coffee shops? Or, worst of all, at self-service machines? Tip creep is happening.Tipping was awkward enough in the UK when the general rule was 10% at a restaurant, plus anxiety about whether you should tip the hairdresser, babysitter or food-delivery driver. Now, with tipping suggested ever more frequently, US-style, it has become a minefield to Britons. The amounts edge higher – in fancier London restaurants, a 15% service charge is relatively commonplace. And it’s often asked for – in coffee shops for example, when you pay – before any service is delivered. Continue reading...
bbc.co.uk
Shein aims for almost $27bn valuation in stock market debut
The fast-fashion giant's shares are due to start trading in Hong Kong on 1 September.
theguardian.com
How can I convince NHS pensions that I am not dead?
It has not paid me for months and I am in severe financial distress, and apart from my husband while I try to sort it outI stopped receiving my NHS pension in May and, when I rang to ask why, I was informed that I was deceased.I have repeatedly called to no avail and my emails have received auto-generated responses. Continue reading...
bbc.co.uk
'I didn't speak the Queen's English': Why people worry about their accents
A survey on attitudes towards accents suggests that so-called "accent bias" is still an issue in many workplaces.
bbc.co.uk
How to get £2,000 to play computer games at university
Roehampton University offers students a year;y scholarship to play esports alongside their studies.
bbc.co.uk
Business Daily
European governments and businesses are taking a tougher line on trade with China
theguardian.com
First Bus bans under-16s in Stoke-on-Trent travelling alone after 6pm after disorder
Company says decision comes after spate of antisocial behaviour since free travel scheme was introducedFor some, it is a quotidian nuisance that inevitably occurs when you are in the vicinity of teenagers. For others, it is an expression of modern-day lawlessness among young people.Whatever view you take, antisocial behaviour on public transport has become a hot debate – and with the introduction of free bus travel for kids aged 5 to 15 across England during August, matters have come to a head in Staffordshire. Continue reading...
bbc.co.uk
Watch: How does the US national debt affect consumers around the world?
The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
The critical tech staying safe by going underground
The war in Ukraine has spurred people to consider putting vital infrastructure underground.
bbc.co.uk
Protein or pickled garlic? What's new in ice cream
There's a constant battle in ice cream to come up with new flavours and to keep costs down.
bbc.co.uk
Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.
bbc.co.uk
Tokenomics: Why making AI pay is tricky
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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